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CES Working Papers
Article . 2013
Data sources: DOAJ
Research Papers in Economics
Article . 2013
Full-Text: http://www.cse.uaic.ro/WorkingPapers/articles/CESWP2013_V1_TIG.pdf
Data sources: Research Papers in Economics
Research Papers in Economics
Article . 2013
Full-Text: http://ceswp.uaic.ro/articles/CESWP2013_V1_TIG.pdf
Data sources: Research Papers in Economics
EconStor
Article . 2013
License: CC BY
Data sources: EconStor
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THE AUSTRIAN SCHOOL OF ECONOMICS AND MARKET INSTABILITY

descriptionPublicationkeyboard_double_arrow_right Article 01 Jan 2013 English Publisher:Alexandru Ioan Cuza University of IasiJournal:CES Working Papers (issn: 2067-7693, Copyright policy )
Authors: Claudiu-Gabriel Tiganas; Claudiu Peptine;

handle: 10419/198235

THE AUSTRIAN SCHOOL OF ECONOMICS AND MARKET INSTABILITY

Abstract

Market equilibrium is an illusion. The economic reality shows us that the main characteristic of the markets is the state of instability. The complexity of the phenomenon and the strong implications engendered by the economic fluctuations in the macro system, justify the rich scientific research activity of the main schools of economic thought to explain it. The Austrian school of economic thought has one of the most realistic analyses of the factors who generate the market instability.

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Keywords

Austrian School, ddc:330, JF20-2112, Market equilibrium, economic cycle, Austrian School, interest rate Romania, interest rate Romania, economic cycle, Political institutions and public administration (General), Market equilibrium, interest rate, B13, jel: jel:B13

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selected citations
These citations are derived from selected sources.
This is an alternative to the "Influence" indicator, which also reflects the overall/total impact of an article in the research community at large, based on the underlying citation network (diachronically).
BIP!Citations provided by BIP!
popularity
This indicator reflects the "current" impact/attention (the "hype") of an article in the research community at large, based on the underlying citation network.
BIP!Popularity provided by BIP!
influence
This indicator reflects the overall/total impact of an article in the research community at large, based on the underlying citation network (diachronically).
BIP!Influence provided by BIP!
impulse
This indicator reflects the initial momentum of an article directly after its publication, based on the underlying citation network.
BIP!Impulse provided by BIP!
0
Average
Average
Average
gold